CANADA STOCKS-TSX flat ahead of new year as commodities mixed

Fri Dec 31, 2010 11:08am EST
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* TSX up 3.08 points at 13,437.49, led by miners

* Seven of 10 sectors weaker; energy, banks slide

* Index on track for best December in 5 years

* TSX up 14 percent for 2010 (Updates with details, quotes)

By Claire Sibonney

TORONTO, Dec 31 (Reuters) - Toronto's main stock index was flat on Friday morning in thin New Year's Eve trade as strength among miners offset weakness in energy and financials, keeping the market on track for its the best December in five years.

The index is up almost 4 percent for the month and about 14 percent for the year, touching its highest level since August 2008 on Thursday.

On the upside Friday, materials gained 0.4 percent as copper hit a record high and the price of bullion notched its strongest annual performance in three years. Spot silver was the second best performer among precious metals. [MET/L] [GOL/]

Silver Wheaton SLW.TO jumped 2.5 percent to C$38.79, while Barrick Gold Corp ABX.TO firmed 0.7 percent to C$52.96 and Teck Resources TCKb.TO rallied 1.1 percent to C$61.65.   Continued...